Public Charity

ALABAMA STATE UNIVERSITY FOUNDATION INC

Based in MONTGOMERY, AL, ALABAMA STATE UNIVERSITY FOUNDATION INC operates as a Public Charity. The organization reported $8.7M in revenue, $7.2M in expenses, $12.9M in total assets for fiscal year 2024. Imperigo tracks 43 reported grant relationships connected to this organization totaling approximately $2.0M.

EIN: 636067745 MONTGOMERY, AL Latest filing: 2024
Total Revenue$8.7M
Total Expenses$7.2M
Total Assets$12.9M
Grant Records43
Funding Total$2.0M
Filing Years2020–2024

Mission

THE MISSION OF THE ALABAMA STATE UNIVERSITY FOUNDATION, INC. IS TO PERPETUATE A VIABLE ORGANIZATION THAT WILL SUPPORT THE EDUCATIONAL NEEDS AND GOALS OF ALABAMA STATE UNIVERSITY, ITS FACULTY, AND STUDENTS VIA RESPONSIBLE MANAGEMENT OF FINANCIALS PROGRAMS.

Where $100 goes at Alabama State University Foundation Inc

How Alabama State University Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$94 Programs the work itself
$6 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $94 for programs

$66
University support
70% of program spending
$28
Athletic support
30% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2025
TMCF SOAR (Seeking, Observing and Achieving Results) Scholar Program
$145,000
2025
GENERAL SUPPORT
$6,617
2025
To provide assistance and support
$6,500
2024
TMCF SOAR (Seeking, Observing and Achieving Results) Scholar Program
$141,000
$30,154

Showing up to 5 of 43 total records — full history available with membership.

Officers & Directors

CHAIR Antwon Hardwick
EXECUTIVE DI Col Greg Clark
VICE CHAIR Jennifer K Brown
SECRETARY Jimmy Morris Jr
TREASURER Norman Carmichael

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$1,061,854 17 grants
General Support
$898,450 21 grants
Fundraising & Sponsorship
$35,000 1 grant
Food Assistance & Nutrition
$10,500 1 grant
Unspecified
$36,676 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $8.7M $7.2M $12.9M
2023 $8.5M $7.3M $11.6M
2022 $6.6M $4.8M $10.4M
2021 $5.7M $3.6M $9.0M
2020 $2.5M $1.3M $6.5M

Between 2020 and 2024, reported annual revenue grew from $2.5M to $8.7M (+255%), with total assets most recently reported at $12.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for ALABAMA STATE UNIVERSITY FOUNDATION INC

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